Some communities offer owners the opportunity to save money — or even make it — if they meet standards for green infrastructure and low impact development. Developers that dedicate green space on their property may, for example, qualify for higher density provisions in their permit. Other owners, including homeowners, can reduce their water bill, or stormwater fees, by replacing impervious surfaces with green space and trees.
Carrots, not Just sticks!
Rather than solely relying on punitive regulations (punishing developers and property owners for unapproved tree removal), experts have proposed and many cities have adopted incentives into urban tree policy. Incentives can encourage tree preservation and planting largely because developers’ and builders’ decisions are largely driven by monetary benefits and market advantage. The most frequently cited financial incentive is a tax rebate for preservation or direct payment for sale of easements. Other incentives may include counting trees towards stormwater credits, cost-sharing of maintenance, transferring development rights and trading open space preservation for increased building density.
The USDA Forest Service canvassed developers in Florida to assess which incentives might motivate them to help protect and retain tree canopy.
Like many cities Austin TX operates a long-standing density bonus program for downtown developers who protect tree canopy.
When these types of incentives are applied, it can turn out to be a win-win situation for both the developer and the community. The Urban Land Institute — the trade group for developers — published a series of case studies that demonstrated the value of well-treed and greened site design.
